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No. A short sale is a sale that doesn't bring in enough money to pay the amount owed on the note. (It is sometimes loosely used to describe a sale that brings in less than price asked for a house.) A short sale most often occurs when a homeowner is confronted with foreclosure. The homeowner asks the lender to accept a buyer's offer for their house that is less than the amount owed on mortgage loan. Because the bank is taking a loss, there is no way that a seller is going to make any money on the deal.
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Can you get sellers concession on short sale?
Yes, but the amount of the concession depends on the type of short sale. An FHA Short Sale (under the HUD Pre-foreclosure Sale Program) can include up to a 1% seller concession only if the Buyer is utilizing FHA financing in the purchase. A HAFA Short Sale will allow a seller concession, but the amount depends on the proposed net proceeds to the mortgage servicer.
Why would a seller make a sale to a buyer that has no money the seller can use?
The seller can use other means to recap the money. Countertrade can be used to provide back a means of paying for the original goods.
What are the Benefits of real estate short sale?
Short sales offer a number of benefits to buyers. Because, during a short sale, homeowners agree to sell a house for less than the amount owed on the mortgage loan. This type of sale requires the lender to approve of the deal, while short sales sometimes leave sellers owing money to the lender, they also provide an alternative to foreclosure. In addition to helping the seller protect their credit.
Can you sell a short sale to a friend?
As long as there are no side deals between the friends and the offer is at or near fair market value, the seller can sell their short sale to a friend. For more info on short sales, visit the related link below.
Buyer's short sale savings?
Short sale is a great option for investors who want to make some money. If they make a smart purchase of a short sale home they can earn a huge profit. But, they need to be very careful when buying a short sale.
How does the process of home short sales work?
The process of home short sales consists of a buyer offering a lower amount of money for a house than the seller originally had put it up for. For example, if a house was put up for å£120 000, a buyer offers å£110 000, this is a short sale.
Service after sale is the function of?
Seller
What is a sale price?
There are two interpretations, depending upon context:The sale price is normal price for which a sale of the good is made (as opposed to the cost price which is the price the retailer paid for the good); it is the amount of money for which the seller is willing to exchange the good; this is the normal selling price of the good;The sale price is the price that is charged during a "sale"; this may be lower than the normal selling price of the good and after the sale, the price may revert back to the normal selling price (or some other selling price).
Where are there trailers for sale?
www.freeads.co.uk is the site where you can advertise to find a seller. Be specific about the size of the trailer you need to get best value for the money you spend.
What is a yard sale?
A yard sale is a sale of household goods held on the seller's own property.
How does eBay makes money?
when u put soimething on eBay they take a percentage off off the seller when u put soimething on eBay they take a percentage off off the seller
Why Short Sales Fail?
Short sale fails due to the unreasonable second lenders. First lender might not agree to meet the second lender's demand, because the home is vacant, it requires that the home must be occupied.Banks demand sellar contribution all the time, even if the seller has no money and no assets.
